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Zinaida [17]
3 years ago
6

If you deposit $4,000 in a bank account that pays 6% interest annually, how much will be in your account after 5 years? Do not r

ound intermediate calculations. Round your answer to the nearest cent.
Business
1 answer:
Tanzania [10]3 years ago
4 0

Answer:

Present value (P) = $4,000

Interest rate (r) = 6% = 0.06

Number of years (n) = 5 years

FV = P(1 + r)n

FV = $4,000(1 + 0.06)5

FV = $4,000(1.06)5

FV = $4,000 x 1.338225578

FV = $5,353

Explanation:

The future value of the investment is a function of present value multiplied by 1 + interest rate raised to power number of years.

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Explain the Charachteristics and the internal controlfeatures of an imprest fund.
aalyn [17]

Answer:

the Same; cash in the fund; total of the tickets; clearly identifies.

Explanation:

Okay, let us first fill in the gap in the question above. Please note that the capitalized words are the missing words.

"An imprest fund has THE SAME balance at all​ times, which equals the sum of CASH IN THE FUND accounts receivable cash in the bank cash in the fund deposits in transit plus the TOTAL OF THE TICKETS check stubs credit memos total of the tickets that support payments from the fund. The internal control feature of an imprest fund is that it CLEARLY IDENTIFIES (decreases increases) the amount of money for which the fund custodian is responsible."

IMPREST FUND can simply be defined as the money that one can keep in order to be able to pay for little-little day-by-day expenses. IMPREST fund is one of the powerful tools that is been used in accounting. IMPREST fund is generally kept with a custodian.

4 0
4 years ago
Why is marketing research important to a business enterprise { essay }
zaharov [31]

Answer:

Market research can identify how customers and potential customers might view your business and identify gaps in customer expectations. This is powerful information to have when completing your marketing strategy. Having good market intelligence helps to minimise risks when making key business decisions.

Explanation:

hope it helps and can I have brainless.

4 0
3 years ago
Describe the nature of a manufacturing businesses
IrinaVladis [17]

Answer:

manufacturing business is any business that uses components, parts or raw materials to make a finished good. These finished goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product.

6 0
2 years ago
UDig is a large mining company based in country B. UDig is in the private sector. It supplies
Arada [10]

A private company is a for-profit organization that does not belong to the state but a particular group or individual.

The term private company refers to a for-profit organization that is controlled by a group of people or an individual and does not belong to the State.

Private companies are also characterized by:

  • It develops an economic activity such as the production, distribution, or sale of some good or service to obtain profits (for profit).
  • It can be sold to the State, but it would cease to be a private company.
  • It can be privatized after being a public company.
  • It can compete with the public company.
  • You must pay taxes to the government and guarantee for your workers all the benefits established by law.

The private sector refers to the set of private companies in a country, they can be foreign or national companies.

Note: The question is incomplete. Here's the full question:

Define 'private sector'.

UDig is a large mining company based in country B. UDig is in the private sector. It supplies businesses in country B with 30% of the coal they need and the rest is imported.

UDig now has eight mines but plans to close two of them. This will threaten 1800 employees with redundancy. The Managing Director said: ‘I blame the appreciation of country B’s exchange rate and new legal controls, including those to protect the environment. The Government should help private sector businesses. '

Learn more in: brainly.com/question/24927689

5 0
3 years ago
_____ are becoming more popular as organizations strive to keep up with technological advancements and compete in the global eco
MArishka [77]
<span>Joint ventures are modern techniques which are usually used to keep up with technological advancements and compete in the global economy. Joint ventures are composed of two or more parties that co-own a specific business, shares business risks and profits eventually together.</span>
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